In February 2021
Drop in the regional economy was more pronounced than in the previous month
The Regional Indicator of Economic Activity (RIEA) indicates that, in February 2021, the drop in the economic activity was more pronounced than in the previous month.
As mentioned in the first release of RIEA, back in October 2017, its goal is “to signal the behavior of economic activity, namely concerning its direction and magnitude of fluctuations: whether it is in the positive or negative ground, accelerations, decelerations and the identification of turning points”. Therefore, its quantitative value assumes secondary importance, not being a substitute for the volume change of the Gross Domestic Product - determined with a more varied and complete set of statistical information - although there is a strong correlation between the two variables.
Monthly Economic Indicators – February 2021
Together with the RIEA, Monthly Economic Indicators for February 2021 are also released today. They serve as an instrument for monitoring the economic trends, based on the most recent data on the regional economic activity.
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